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Topic: It costs more to use bitcoin on bitpay than bitcoin cash - page 3. (Read 606 times)

copper member
Activity: 1666
Merit: 1901
Amazon Prime Member #7
I wanted to by something and noticed the site accepted bitcoin, so I went through the checkout and got charged extra to pay in bitcoin rather than bitcoin cash, does anyone know why this is?
Yes. To "cover transaction fees".

Doesn't it say "Network cost: X"? Or you're talking about another extra?
I believe this is to cover the cost to spend the coin that bitpay receives from the payment of the invoice. BitPay will need to either send their merchant coin, or will need to send coin to an exchange to convert to fiat that gets sent to the merchant. It currently costs more to spend a bitcoin input verses spending a bitcoin cash input.

Bitcoin's price tends to be more stable than bcash's price, so the savings from using bcash verses bitcoin is expected to be more than lost due to price volatility.
legendary
Activity: 2758
Merit: 6830
I wanted to by something and noticed the site accepted bitcoin, so I went through the checkout and got charged extra to pay in bitcoin rather than bitcoin cash, does anyone know why this is?
Yes. To "cover transaction fees".

Doesn't it say "Network cost: X"? Or you're talking about another extra?
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
I wanted to by something and noticed the site accepted bitcoin, so I went through the checkout and got charged extra to pay in bitcoin rather than bitcoin cash, does anyone know why this is?

It seems bitpay get a lot of bad coverage now and there seems to be good reason why (I wouldn't have made a thread but the price was 50p different which was more than 1% of my total purchase)... As a community there may be issues if bitcoin cash dies or if it keeps going since some of these companies are clearly hugely invested in them.
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